By 2029, the Point-of-Sale Terminal Market is expected to grow to $152.5 billion

Analysts predict the Point-of-Sale Terminal Market will reach $152.5 billion by 2029

Meticulous Research®, a leading global market research firm, has published a comprehensive report titled “Point-of-Sale Terminal Market by Component (POS Hardware, Services), Operating System (Android-based POS Terminal, Windows-based POS Terminal), End User (Retail, Hospitality, Healthcare, and Government) with Global Forecast to 2029.”

According to Meticulous Research®, the global point-of-sale (POS) terminal market is expected to reach $152.5 billion by 2029, growing at a CAGR of 9.9% from 2022 to 2029. The market is also projected to hit 687.4 million units by 2029, with a CAGR of 12.0% during the forecast period.

The market is driven by the rising adoption of mobile-based POS systems, increased use of Europay, Mastercard, and Visa (EMV) cards, and growing demand in the retail and e-commerce sectors. However, concerns over data security and a lack of standardization could hinder growth. The shift towards contactless and cashless payments in both developed and developing regions presents significant growth opportunities.

Meticulous Research® has segmented the market based on component (POS hardware and services), operating system (Android-based, Windows-based, and others), end user (retail, hospitality, healthcare, transportation, sports & entertainment, government, utilities, and others), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also assesses industry competitors and analyzes regional and country-level markets.

In 2022, the POS hardware segment is expected to dominate the market, driven by the demand for wireless communication technologies, cloud POS systems, and contactless payments. The Android-based POS terminal segment is projected to lead in operating systems due to the growing adoption of cloud-based and wireless technologies.

The retail sector is anticipated to hold the largest market share among end users, supported by the expansion of e-commerce, increased focus on contactless payments, and advancements in POS terminal features like inventory management and customer record maintenance.

Geographically, Asia-Pacific is set to lead the market in 2022, driven by rapid economic growth in countries like China, Japan, India, and South Korea, along with modernization of the payment industry and the rise of SMEs.

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Key Players:

The key players operating in the point-of-sale terminals market are NCR Corporation (U.S.), Ingenico Group S.A. (France), Hewlett Packard Enterprise (U.S.), VeriFone, Inc. (U.S.), Toshiba Corporation (Japan), PAX Global Technology Limited. (China), Elavon Inc. (U.S.), Castles Technology Co., Ltd. (Taiwan), BBPOS International Limited. (China), Block, Inc. (U.S.), Cegid Group (France), Diebold Nixdorf, Incorporated. (U.S.), Newland Payment Technology (China), NEC Corporation (Japan), and Oracle Corporation (U.S.).

Key questions answered in the report-

• Which are the high-growth market segments in terms of the component, operating system, end user, and geography?
• What is the historical market for point-of-sale terminals across the globe?
• What are the market forecasts and estimates for the period 2022–2029?
• What are the major drivers, restraints, and opportunities in the global point-of-sale terminal market?
• Who are the major players in the global point-of-sale terminals market, and what share of the market do they hold?
• How is the competitive landscape?
• What are the recent developments in the global point-of-sale terminals market?
• What are the different strategies adopted by the major players in the market?
• What are the geographic trends and high-growth countries?
• Who are the local emerging players in the global point-of-sale terminals market, and how do they compete with the other players?

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